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Real Estate
Reply to "This must be some sort of housing bubble again"
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[quote=Anonymous]The realities of the DC area are: 1) people have a lot more money than people in this area 20 years ago. A pair of GS15s are making over $200K. 2) there are more people and there is no close in building space. 3) white people don't want to live with brown people in "affordable" neighborhoods, so there is a lot of competition for specific areas. 4) foreign investors are buying homes for rentals 5) no rental units are being built, so the rental options also have sky high prices.[/quote]
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